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I have my isa with legal & general. I want to withdraw it from the stock & Share isa i have to open up a cash isa.

by deb7, 3 months ago•Open Question

Can i withdraw the isa to put in my bank account, then open up a cash isa, with easy access, no penalties for withdrawal. Who at the moment is best to take a cash isa out with

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Answers (3)

hello do i now you yes are no]

by daanyaal, 3 months ago

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hi deb7 welcome to the forum.
You can do what you are proposing, but Why do you want to withdraw from the Stocks & Shares ISA? Any particular reason?

by HSP, 3 months ago

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The reason i was going to withdrawal is so i can have easy access, and just incase the stock & Shares crash and i lose everything.

by deb7, 3 months ago

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the reasoni was going to withdrawal is so i can have easy access, & just incase the stock & shares crash and i lose everything. Who's best at the mo for interest to take a cash isa out with.

by deb7, 3 months ago

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There's a lot of nervous people out there......

by Jazzj, 3 months ago

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So why did you invest in Stocks & Shares ISA in the first place? What was your reasoning behind it?

by HSP, 3 months ago

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You can, but you will lose the tax benefit, and it will be treated as a new ISA. You can only open one new cash ISA each year, so if you have aleady done this you will need to wait until the next tax year to put the money in, and then you will be limited to that year's limit

by Jazzj, 3 months ago

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